RTI Surgical, Inc. (RTIX) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of RTI Surgical, Inc. (NASDAQ:RTIX) from a strong-buy rating to a buy rating in a research note published on Tuesday, July 25th.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of RTI Surgical from a hold rating to a buy rating and set a $6.25 target price for the company in a research note on Wednesday, June 28th. TheStreet raised shares of RTI Surgical from a d+ rating to a c- rating in a research note on Friday, May 5th. Finally, ValuEngine raised shares of RTI Surgical from a sell rating to a hold rating in a research note on Friday, June 2nd.

RTI Surgical (NASDAQ:RTIX) remained flat at $5.00 during midday trading on Tuesday. 16,529 shares of the company traded hands. The firm’s market capitalization is $295.17 million. The company’s 50 day moving average price is $5.53 and its 200-day moving average price is $4.54. RTI Surgical has a 52 week low of $2.50 and a 52 week high of $6.00.

RTI Surgical (NASDAQ:RTIX) last issued its quarterly earnings results on Tuesday, August 8th. The medical equipment provider reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $72.10 million during the quarter, compared to analyst estimates of $70.25 million. RTI Surgical had a negative net margin of 6.53% and a positive return on equity of 2.07%. RTI Surgical’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that RTI Surgical will post $0.06 earnings per share for the current fiscal year.

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In other RTI Surgical news, EVP John N. Varela purchased 12,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $4.85 per share, for a total transaction of $58,200.00. Following the purchase, the executive vice president now directly owns 47,998 shares in the company, valued at approximately $232,790.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Camille Farhat purchased 61,693 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of $4.65 per share, for a total transaction of $286,872.45. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in RTI Surgical by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,825,098 shares of the medical equipment provider’s stock valued at $12,432,000 after buying an additional 10,573 shares in the last quarter. Renaissance Technologies LLC increased its stake in RTI Surgical by 28.9% in the fourth quarter. Renaissance Technologies LLC now owns 674,200 shares of the medical equipment provider’s stock valued at $2,191,000 after buying an additional 151,200 shares in the last quarter. State Street Corp increased its stake in RTI Surgical by 2.6% in the fourth quarter. State Street Corp now owns 996,778 shares of the medical equipment provider’s stock valued at $3,243,000 after buying an additional 25,581 shares in the last quarter. Russell Investments Group Ltd. increased its stake in RTI Surgical by 176.0% in the first quarter. Russell Investments Group Ltd. now owns 78,055 shares of the medical equipment provider’s stock valued at $313,000 after buying an additional 49,777 shares in the last quarter. Finally, Nine Chapters Capital Management LLC increased its stake in RTI Surgical by 75.9% in the first quarter. Nine Chapters Capital Management LLC now owns 35,000 shares of the medical equipment provider’s stock valued at $140,000 after buying an additional 15,100 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

About RTI Surgical

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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